ORDINANCE NO. 180166

Estimating and appropriating $3,500,000.00 from the Unappropriated Fund Balance of the Central City Sales Tax; designating requisitioning authority; and recognizing an accelerated effective date.

WHEREAS, Ordinance No. 160861 put before the voters the question of enacting an economic development sales tax devoted to projects located within the area bounded by 9th Street on the north, Gregory Boulevard on the south, The Paseo on the west, and Indiana Avenue on the east, which may include the retirement of debt under previously authorized bonded indebtedness or to repay bonds not yet issued; and

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 4 allowing the City of Kansas City to impose a sales tax of 1/8 percent to be used for funding economic development projects within the above defined area; and

WHEREAS, this ordinance will provide funding for the eligible project and programming activities including two positions to manage operations; and

WHEREAS, the Program Administrator position will provide supervisory and management services for all projects and programs and the additional position will assist the Program Administrator with office management, website content, and community and neighborhood outreach; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That revenues are hereby estimated in the Central City Economic Development Sales Tax Fund in the following account:

18-2200-120000-451100 Central City Sales Tax $3,500,000.00

Section 2. That $3,500,000 is appropriated from the unappropriated fund balance of the Central City Economic Development Sales Tax Fund in the following accounts:

18-2200-642047-A Central City Sales Tax $ 30,956.00

18-2200-642047-B Central City Sales Tax 3,457,044.00

18-2200-642047-C Central City Sales Tax 12,000.00

TOTAL $3,500,000.00

Section 3. That the Director of City Planning and Development is designated requisitioning authority for Account No. 18-2200-642047.

Section 4. That this ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) of the City Charter in that it appropriates money, and shall take effect in accordance with that section.

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I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

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Randall J. Landes

Director of Finance

Approved as to form and legality:

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Katherine Chandler

Assistant City Attorney